Apple finally decided to stop their EV project.
This decision could means a lot to the EV and other global high-tech industries. It’s too early to say anything concrete yet. But it seems like, China have conquered global EV production industry and others lost to China.
So, what could be US and other western countries move? Apple’s decision could be the answer for everyone.
Are we going back to the old combustion engine car era? From now on, more focus on AI, forget all about EV? so much like Solar panel industry. Isn’t it right that someone have to take some responsibilities of wrong decisions?
US stock markets are in a kind of consolidation mode again. DJ Index was downed by 0.3%, S&P 500 index was up 0.2% and NASDAQ Index was up 0.4%.
Earning Report season has ended and now market is more focusing on macro numbers with USA’s own issues such as commercial real estate problems and regional bank issues
Apple was up 0.8%, Amazon was downed 0.7%, MS was downed 0.02% and Tesla was up 0.2%.
We need to see how other EV relate companies would react on Apple’s decision.
